7 May 2019

Nevertheless, in April, the average cost of a detached home in the GTA was down annually by 1.3% to $1,018,147. The 416 area code showed no changes with the average price still at $1,355,764. In case of the 905 area code, the prices were down by 1.7% to $914,249.

It’s obvious, that detached houses took the main hit from the new measures, including a stress test, TREB says.

The average price for a semi-detached house in the GTA was up by 2% and reached $808,796, while townhomes reported a 1.6% increase to $655,994. The largest hike by 5.1% to $588,168 was seen in the sector of condos.

The average cost of all housing types rose by 1.9% to $820,148, which, according to TREB, is the highest growth result in about a year.